Realized Price is a metric that calculates the average acquisition cost of a digital asset based on the price at the time each unit last moved. The Realized Price by Age metric further categorizes digital assets into different age cohorts, providing a detailed view of the average acquisition cost of supply portions of varying ages.

This metric focuses on the constituents of the Short-Term Holder cohort, namely the 1d-1w, 1w-1m, 1m-3m and 3m-6m subsets.

In this chart, we developed an oscillator tracking when price is trading above all four STH cost basis sub-groups over a 14-day period. The price chart will flag green when this oscillator has exceeded the +1 standard deviation level. This can indicate periods when the market is seeing very strong upwards momentum.

Note: The breakdown metrics utilize an address-based approach, analyzing transactions and holdings based on individual wallet addresses to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. As such, metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.